Am I misreading the Corel IP document or am I correct in saying that they
intend to aquire WinZip from Venture Capital at a cost of around $100
million. The cost consists of payment on WinZip's bank debt of $19.2 million
and the issuing of 4 322 587 shares with an estimated $19/share at the IP
price.
Seems like quite a steep price to pay for an almost end-of-life compression
utility.
regards
Mike

Sorry, a typo.

Should be Vector Capital and not Venture Capital.

Mike
"Mike B" <mikeb@hotmail.comwrote in message
@is.co.za
Am I misreading the Corel IP document or am I correct in saying that they
intend to aquire WinZip from Venture Capital at a cost of around $100
million. The cost consists of payment on WinZip's bank debt of $19.2
million and the issuing of 4 322 587 shares with an estimated $19/share at
the IP price.

Seems like quite a steep price to pay for an almost end-of-life
compression utility.

regards
Mike

X-No-Archive: yes

"Sportman" <sportman@gmail.comwrote in message
news:1144512786.861540.174180@
Mike B wrote:
Am I misreading the Corel IP document or am I correct in saying that
they
intend to aquire WinZip from Venture Capital at a cost of around $100
million. The cost consists of payment on WinZip's bank debt of $19.2
million
and the issuing of 4 322 587 shares with an estimated $19/share at the
IP
price.

Seems like quite a steep price to pay for an almost end-of-life
compression
utility.

I assume Corel also take over the domain winzip.com with round 260,000
unique visitors a day what alone has already a value between
$33-200mln. So I shall say not so bad deal when they can turn WinZip in
a WinRAR competing compressor. But they need to hurry because WinRAR
becomes more popular every day; rarlab.com has already round 400,000
unique visitors a day.
--
I like 7-zip. Are there any plans to use it in the new utility?

Mike B wrote:
Am I misreading the Corel IP document or am I correct in saying that they
intend to aquire WinZip from Venture Capital at a cost of around $100
million. The cost consists of payment on WinZip's bank debt of $19.2 million
and the issuing of 4 322 587 shares with an estimated $19/share at the IP
price.

Seems like quite a steep price to pay for an almost end-of-life compression
utility.

I assume Corel also take over the domain winzip.com with round 260,000
unique visitors a day what alone has already a value between
$33-200mln. So I shall say not so bad deal when they can turn WinZip in
a WinRAR competing compressor. But they need to hurry because WinRAR
becomes more popular every day; rarlab.com has already round 400,000
unique visitors a day.

Seems to me they will absolutely hate that 100 million dollar loss they
will take, lol

Mike B wrote:
Am I misreading the Corel IP document or am I correct in saying that they
intend to aquire WinZip from Venture Capital at a cost of around $100
million. The cost consists of payment on WinZip's bank debt of $19.2 million
and the issuing of 4 322 587 shares with an estimated $19/share at the IP
price.

Seems like quite a steep price to pay for an almost end-of-life compression
utility.

I agree with you. They must have some good pitch-men at WinZip, or
some deluded people at Corel.

The bigger surprise to me was that Corel was still alive!

>Seems to me they will absolutely hate that 100 million dollar loss they
>will take, lol
Could someone point me to that document on the Corel site?
Can't find it :-(